Resource Management Partners, Inc. (RMPI) of Islandia, NY, in partnership with Aquent, LLC, of Boston, has purchased the assets and operating platform of Carrier Finance, LLC, of Sioux Falls, SC. With this acquisition, RMPI adds transportation to its other niche financing products.
Milestone Advisors, LLC advised Carrier Finance on this transaction.
Carrier Finance provides factoring services to the transportation industry on a national basis.
In addition to the portfolio purchase, RMPI has agreed to the continued employment of the well-seasoned and knowledgeable operations staff, headed by Chad Wulf, who has been with Carrier since it's inception in 1999. The operations for this portfolio will continue to be served from Sioux Falls.
"This acquisition will facilitate RMPI's entry into another niche market," said Donald Barrick, president and CEO of Resource Management Partners, Inc. "We presently provide financing to contractors working on public works contracts and rediscounting lines of credit to small growing factors. We will continue to look into other niche opportunities to help grow our company."
SOUND OFF! Send a letter to the Senior Editor, Stuart Papavassiliou at sppapa@abfjournal.com.
To get your company’s news included on the abfjournal.com site and published in the ABF Journal, contact Stuart Papavassiliou, Senior Editor, at 800.708.9373 x124 or e-mail news to sppapa@abfjournal.com.
If you would like to search our News Archives, please click here
